Blog

Month: Jun

The Federal Government’s discussion paper on tax reform specifically targets the not-for-profit (NFP) sector, asking if the current tax arrangements are appropriate. Importantly, it questions the ongoing availability of Fringe Benefits Tax (FBT) concessions and tax deductions for gifts to approved recipients. The discussion paper points out that while existing tax concessions help increase the level of activity in the NFP sector, the value of revenue forgone is significant and growing steadily.